Khurram Mustafa / Blog
James Knightley, analyst at ING explained that the October reading of the ISM non-manufacturing report looks very strong. The composite activity index has risen to 59.1 from 56.9 (consensus was 56.5...
USD/CHF climbed to 1-week highs during the NY session as the dollar strengthened across the board following better-than-expected US data and comments from Fed Yellen, who reinforced bets of a rate hike in December. USD/CHF broke above European session highs and stretched to 0...
GBP/USD is currently trading at 1.5375 with a high of 1.5446 and a low of 1.5361. GBP/USD has started to fail in its minor attempts of recoveries over the last number of days since the end of October's business since it failed just ahead of 1.5500...
USD/CAD accelerated to the upside and reached the strongest level since last Friday at 1.3175, after breaking above yesterday’s highs. The pair started to move with an upside bias during the European session...
Analysts at Brown Brothers Harriman explained that while EM FX has gotten some traction recently, we believe that the medium-term bear market remains intact...
Valeria Bednarik>, chief analyst at FXStreet noted a positive back drop in the ADP report ahead of Nonfarm Payrolls and gives a forecasting analyses of EUR/USD...
The dollar strengthened against most competitors and dragged EUR/USD to fresh 3-month lows following a series of supportive US economic data and latest comments from Fed Chair Janet Yellen...
Fed Chair Janet Yellen said the US economy is performing well although she acknowledged some slowdown in employment. Regarding monetary policy, Yellen said FOMC thought it could be appropriate to move in December but that no decision was made...
USD/JPY has remained firm as global equities continue to advance and moves through October highs of 121.47 with bulls eager for a break-out to test the 100 DMA at 121.76 and the golden ratio 61.8% level of the August highs of 125.27...
Crude oil prices are trading in the negative ground on Wednesday, currently hovering over the $47.00 area per barrel. WTI weaker on supply concerns Prices for the West Texas Intermediate are surrendering part of yesterday’s strong gains, testing the key support at $47...